Western New England Bancorp (WNEB)

Overall impact
B (76)

Commentary

Western New England Bancorp is a strong overall performer. With a 'B' rating of 76.2 for overall impact (90th percentile compared to all companies), Western New England Bancorp ranks 7th out of 76 industry peers, behind First Capital, Prudential Bancorp, Provident Financial and 3 others, and ahead of Eagle Financial Bancorp, County Bancorp, First Northwest Bancorp and 66 others. On top material causes for Western New England Bancorp's industry (Banking), Western New England Bancorp performs well in Reduced Inequality (95.4 score), Affordable, Safe Housing (81.0), Healthy Oceans (95.2) and 6 other causes where it received an 'A' score. Western New England Bancorp did not receive a 'D' or 'F' rating on any cause.
Impact
Cause WNEB
Peer rank
Overall impact

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Impact trend

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Company
Employees
292
Sector
Financials
Industry
Financial Services
Sub-industry
Specialized Finance
SASB industry
Commercial Banks
Headquarters
Ma, United States
Share classes
WNEB
Description
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and companies. The company offers various deposit products, including commercial, small business, nonprofit and municipal checking, money market, sweep accounts, time deposits, interest-bearing and noninterest-bearing checking, and individual retirement accounts, as well as certificates of deposit. It also originates and funds commercial and residential real estate loans, including first mortgages, home equity loans, and home equity lines, and secured by one-to-four family residential properties; home equity revolving loans and lines of credit; consumer loans, including automobile, spa and pool, collateral, and personal lines of credit; commercial and industrial loans, such as letters of credit, revolving lines of credit, working capital, equipment financing, and term loans; and construction and land development loans. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. The company was founded in 1853 and is headquartered in Westfield, Massachusetts.
Material causes
Ethos considers the following causes material for Western New England Bancorp, based on its industry sub-industry Specialized Finance. Learn more about material causes in our methodology overview.

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